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Tally Gst Questions and Answers

Tally Gst Questions and Answers

1. In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST

 
 
 
 

2. Indian GST model has _________rate structure

 
 
 
 

3. Which of the following tax is not subsumed in GST

 
 
 
 

4. GST is a ………………. based tax on consumption of goods and services.

 
 
 
 

5. The highest rate of tax prescribed under IGST is–

 
 
 
 

6. What deductions are allowed from the transaction value

 
 
 
 

7. The value of the supply of goods and services shall be

 
 
 
 

8. When does liability to pay GST arise in case of a supply of goods

 
 
 
 

9. Can a registered person under Composition Scheme claim input tax

 
 
 
 

10. What are the taxes levied on an intra-state
supply?

 
 
 
 

11. What kind of tax can be transferred from one
person to another?

 
 
 
 

12. What is the taxable event under GST?

 
 
 
 

13. what are different types of supply covered under scope of supply

 
 
 
 

14. Output tax in relation to a taxable person under the CGST Act, 2017 includes:

 
 
 
 

15. The term “place of business” includes:

 
 
 
 

16. which of the following activity is treated as supply in accordance with section 7 of CGST Act

 
 
 
 

17. Supplier within the meaning of supply includes

 
 
 
 

18. The term ‘casual taxable person’ includes:

 
 
 
 

19. A person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other
capacity, but who has no fixed place of business or residence in India is:

 
 
 
 

20. Which of the following is a non–taxable supply under the CGST Act, 2017:

 
 
 
 

Question 1 of 20

 

1 . In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST

a)USA

b) Uk

c) Canada

d) China

2. Indian GST model has _________rate structure

a) 3

b) 4

c) 5

d) 6

3) Which of the following tax is not subsumed in GST

a) VAT

b) Stamp duty

c) CST

d) Entertainment Tax

4)  GST is a ………………. based tax on consumption of goods and services.

(A) Origin

(B) Destiny

(C) Development

(D) Destination

(Ans : D)

5) 33. The highest rate of tax prescribed under IGST is–
(A) 5%

(B) 12%

(C) 18%

(D) 28%

(Ans : D)

6)What deductions are allowed from the transaction value

a) Discount mention on Invoice

b) Packaging Charges

c)) Freight charges

d) Any amount paid by the customer on behalf of the supplier

7)The value of the supply of goods and services shall be

a)Transaction

b)MRP

c) Market Value

d) None of the above

8) When does liability to pay GST arise in case of a supply of goods

a) On the raise of the Invoice

b)At the time of supply of goods

c)on receipt of payment

d) ealiest of any of above

9) Can a registered person under Composition Scheme claim input tax

a)Input tax credit on inward supply of goods only can be claimed

b) Yes

c) No

d) Input tax credit on inward supply of services only can be claimed

10)  What are the taxes levied on an intra-state
supply?
(a) CGST
(b) SGST
(c) CGST & SGST
(d) IGST

11 )  What kind of tax can be transferred from one
person to another?
(a) Direct tax
(b) Indirect tax
(c) Both of the above

(d) None of the above


12) What is the taxable event under GST?
a. Manufacturing of goods
b. Sales of goods
c. Provision of Services
d. Supply

13. what are different types of supply covered under scope of supply
a. Supplies made with consideration
b. Supplies made without consideration
c. Both of the above
d. None of the above

14. Output tax in relation to a taxable person under the
CGST Act, 2017 includes:
a. Tax chargeable on taxable supplies made by him
b. Tax chargeable on taxable supplies made by his agent
c. Tax payable by him under reverse charge
d. Both (a) and (b)

15. The term “place of business” includes:
a. Place from where business is ordinarily carried out
including godown, warehouse, etc.
b. Place where a taxable person maintains his books of
account
c. Place where taxable person is engaged in business
through an agent
d. All the above

17. The term ‘casual taxable person’ includes:
a. A person occasionally supplying goods or services or both in a State or a Union territory where he has no fixed place of business.
b. A person occasionally supplying goods or services or both in a State or a Union territory where he has fixed place of business.
c. Both (a) and (b)
d. None of the above

18. A person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other
capacity, but who has no fixed place of business or residence in India is:
a. Non–resident taxable person
b. Composition dealer
c. Registered person
d. Casual taxable person

19. Which of the following is a non–taxable supply under
the CGST Act, 2017:
a) Supply on which GST levy is not attracted under Sec 9 of CGST Act
b) Supply on which GST levy is not attracted under Sec 5 of IGST Act
c.)Supply on which GST levy is not attracted under Sec 9
of CGST Act as well as Sec 5 of IGST Act
d.)Supply on which GST is exempted by Government upon recommendation of GST Council

20. Amit of Delhi is participating in Ayush Furniture Expo in Haryana where he has no fixed place of business and exhibiting his products. During the expo, the said products will be sold to the people attending and intending to purchase such products including foreign buyer. In such scenario, Amit shall obtain which of the following registration
under the CGST Act, 2017:


a)Non–resident taxable person registration
b) Casual taxable person registration
c) Regular taxpayer registration
d) No registration under GST required.

1. In India GST came effective from July 1st, 2017 India has chosen _______ model of dual – GST

 
 
 
 

2. Indian GST model has _________rate structure

 
 
 
 

3. Which of the following tax is not subsumed in GST

 
 
 
 

4. GST is a ………………. based tax on consumption of goods and services.

 
 
 
 

5. The highest rate of tax prescribed under IGST is–

 
 
 
 

6. What deductions are allowed from the transaction value

 
 
 
 

7. The value of the supply of goods and services shall be

 
 
 
 

8. When does liability to pay GST arise in case of a supply of goods

 
 
 
 

9. Can a registered person under Composition Scheme claim input tax

 
 
 
 

10. What are the taxes levied on an intra-state
supply?

 
 
 
 

11. What kind of tax can be transferred from one
person to another?

 
 
 
 

12. What is the taxable event under GST?

 
 
 
 

13. what are different types of supply covered under scope of supply

 
 
 
 

14. Output tax in relation to a taxable person under the CGST Act, 2017 includes:

 
 
 
 

15. The term “place of business” includes:

 
 
 
 

16. which of the following activity is treated as supply in accordance with section 7 of CGST Act

 
 
 
 

17. Supplier within the meaning of supply includes

 
 
 
 

18. The term ‘casual taxable person’ includes:

 
 
 
 

19. A person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other
capacity, but who has no fixed place of business or residence in India is:

 
 
 
 

20. Which of the following is a non–taxable supply under the CGST Act, 2017:

 
 
 
 

Question 1 of 20

 

Updated: July 27, 2019 — 5:17 pm

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